TechCrunch·3 min read·medium
SpaceX falls to $135 IPO price ahead of Starship launch
S
Sean O'Kane
✦AI Summary
SpaceX shares have struggled to maintain their IPO price, trading near $135 following a month of volatility and a broader tech market downturn. The company's performance is being closely watched as a bellwether for upcoming IPOs from other major tech firms like OpenAI and Anthropic.
SpaceX’s shares fell to just above $135 on Wednesday, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in nearly $86 billion.
businesstechnologyeconomy
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